Law Debenture Co. (LON:LWDB - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 935.39 ($12.41) and last traded at GBX 935.39 ($12.41), with a volume of 13505 shares changing hands. The stock had previously closed at GBX 922 ($12.23).
Law Debenture Price Performance
The company has a 50 day moving average of GBX 882.48 and a 200-day moving average of GBX 890.36. The company has a quick ratio of 3.21, a current ratio of 3.01 and a debt-to-equity ratio of 18.53. The stock has a market capitalization of £1.24 billion, a P/E ratio of 8.72 and a beta of 0.93.
Law Debenture (LON:LWDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.44) earnings per share for the quarter. Law Debenture had a net margin of 69.85% and a return on equity of 15.91%.
Law Debenture Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 16th. Investors of record on Thursday, March 20th were paid a dividend of GBX 9.50 ($0.13) per share. This is a boost from Law Debenture's previous dividend of $8.00. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, March 20th. Law Debenture's payout ratio is currently 29.78%.
Insider Activity at Law Debenture
In related news, insider Pars Purewal purchased 343 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average cost of GBX 870 ($11.54) per share, with a total value of £2,984.10 ($3,958.74). 6.32% of the stock is currently owned by insiders.
About Law Debenture
(
Get Free Report)
LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.
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